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Waste Management vs Republic Services: WM and RSG compared
Waste Management is the larger company: $6.8B of revenue in its latest quarter (Q3 2026) against $5.2B for Republic Services (Q3 2026). Republic Services is growing faster (+8% against +6% a year earlier). Waste Management is more profitable, with an operating margin of 18.7% against 17.7%.
Where the money goes: WM and RSG
Waste Management (WM) · Q3 2026
Waste Management, Q3 2026: revenue $6.8B (+6% year over year), operating margin 18.7%, net earnings $820M, operating cash flow $1.6B. The chart follows the revenue to costs, profit and cash.
Republic Services (RSG) · Q3 2026
Republic Services, Q3 2026: revenue $5.2B (+8% year over year), operating margin 17.7%, net earnings $593M, operating cash flow $1.1B. The chart follows the revenue to costs, profit and cash.
| Waste Management (WM) | Republic Services (RSG) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $6.8B | $5.2B |
| Revenue growth, Y/Y | +6% | +8% |
| Operating margin | 18.7% | 17.7% |
| Net earnings | $820M | $593M |
| Net margin | 12.0% | 11.4% |
| Operating cash flow | $1.6B | $1.1B |
| Free cash flow | $983M | $644M |
| Market value | $96.5B | $76.4B |
| P/E | 31.7× | 34.5× |
| Analysts’ mean target | $255.60 | $256.00 |
Where the revenue comes from
Waste Management
- Collection and Disposal: $5.6B (81%)
- Healthcare Solutions: $651M (10%)
- Recycling Processing and Sales: $441M (6%)
- Renewable Energy: $167M (2%)
Questions
Which is bigger, Waste Management or Republic Services?
Waste Management is the larger company: $6.8B of revenue in its latest quarter (Q3 2026) against $5.2B for Republic Services (Q3 2026).
Is Waste Management or Republic Services growing faster?
Republic Services is growing faster (+8% against +6% a year earlier).
Which is more profitable, Waste Management or Republic Services?
Waste Management is more profitable, with an operating margin of 18.7% against 17.7%.
More: Waste Management earnings · how Waste Management makes money · Republic Services earnings · how Republic Services makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 28, 2026; 10-Q filed Oct 30, 2026). Fiscal quarters can end on different dates. Not investment advice.